Sevco owner, Charles Green, got himself a bit confused last night when talking about Celtic, saying, “Our main rivals, or our former main rivals, across the city, they have had three different companies in their lifespan. In fact if you look at their corporate structure now it’s more complicated than Rangers”.
For the record……..
Celtic were formed in 1888. The officeholders of the club accepted personal liability for all debts until the club became a limited company on 12 April 1897. On that day registration number SC003487 was given to The Celtic Football and Athletic Company Limited – a private limited company.
In 1994 Fergus McCann opened the club up to 10,000 supporters by making the club a public limited company, which then became known as Celtic PLC. It is the same company, with the same registration number, SC003487. On the same day the company became a PLC, Fergus, in his wisdom, registered a new company, with exactly the same name as the old company (The Celtic Football and Athletic Company Limited), in order to prevent another party registering the name, which retains an historical association with Celtic. The new company is wholly owned by Celtic PLC.
Celtic now have in the region of 29,000 shareholders. They, alongside every shareholder in our 125 year history, have made sure that every debt was settled. Go to Companies House web site, click ‘Find Company Information’, search ‘CelticPLC’, for 115 unbroken years of limited liability history.
Swept aside
Green’s problems, of course, are not that people don’t understand Celtic’s corporate structure, they are that last month he told a BBC TV camera that if Rangers were liquidated “the history, the tradition, everything that’s great about this club is swept aside”. Even he must suspect that he is not the best guy to lead his new club forward.
On the alleged illegal registration of players issue, Green was more contrite: “HMRC has still to reach a decision or announce their decision. I understand the SPL has put a panel together to look at this issue and we will contest it every inch of the way. The view of the club, the fans and indeed newcomers like myself is that those titles and those games were won fairly and belong to this (sic) club. We will fight it to the finish.”
At last we can agree. If Rangers won trophies fairly they must (and will) retain them. Speaking to Sky News in March Sir David Murray could not have been clearer that no Rangers players had dual contracts while his board was in charge. If this is the case, Rangers have no case to answer.
However, if the old Lumley-troubler’s memory of this issue has failed him, then matters will take a different course. If Sevco inherit Rangers SFA membership, they will be looking at many years of penalties to compensate for their decade or more of illegal player registration.
Prima Facie Evidence CSC.
The first issue of CQN Magazine for the new season will be with you soon. If you would like to advertise, drop me an email, celticquicknews@gmail.com.
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….any fighting in the stands, ……………yet?
HT:
BOOOOO!!!! from the Huns fans.
Yip, same club.
I cant stop laughing!
Charlie Green gets stripped.
HH
HT 1-1
Surprise early goal by the unfancied team but a deserved equaliser by the team at home playing all the good football towards half time.
Anyway, enough of that how’s the Brechin game going?
teehee cfc
They need to tap a hedge fund for some kwality signings.
BBC using RFC club crest
These BBC bassas are complicit in this continuity charade
I have not laughed that hard in a long time.
Comedy gold.
This is incredibly funny! Ha ha ha, cannot stop laughing, mood a bit better , still raging at that prick green
The match commentator says “Rainchers ahuun”
Hope Sevco are playing next Sunday so i can see the second part of Dr Who.
RS saying sevco missed a lot of chnces …….. What chances ? …….. Fuds
Are the huns Brechin it?
Was out cutting the grasslands which double as my back garden and I heard my neighbour laughing uncontrollably…had to be 1-1!
VP
my mrs has the flu …she was sleeping on the couch …no longer
She thinks it is funny tho
Glad I switched over from Olympics,can’t beat a good old broadfoot blunder to cheer one up.breaching give it “can you hear the rangers sing” ……fhabulous
Ant and Dec must be worried,this could be prime time Saturday night entertainment.Charles Green can expect a call from Simon Cowell.
Uly – GIRFUY !!! Not you personally, amigo.
T4
Brechin goal — Waltzed it in.
EeeeeasyBCSC
GIRFUY BWAAAAAA HAAAAA HAAA HAAAAAAAAAAAAAAAAAAAA
Jim Weir greetin in that interview.
Bloody hell! Missed Brechin’s goal! Cheered up a bit now!
However with Clubfoot and Doreen on the park, things could turn ugly!
HH!!
You’ve got to laugh at them eh – they are the gift that continues to give!!!!!!!!
Green Lantern (((((0))))) on 29 July, 2012 at 15:55 said:
The match commentator says “Rainchers ahuun”
He also said “McCulloch ahoora”
Which is probably the most accurate thing anyone in the MSM has said about Elbows in a long time.
Awe Naw yes I can’t understand how the sfa can ignore that this Co. can’t survive. If they grant a licence then they go bust…? Anyway I hope you are right.
Argh.predictive text…Brechin I meant
….PFayr on 29 July, 2012 at 15:57 said:
Laughter is the best medicine,here’s hoping
we OD in second half.
They’ve even dived twice to try and win penalties,Widefeet’s was particularly embarrassing.Once a cheat,always a cheat.
The missus has just asked why I’ve started on the beers?……….
“because they are there” says I, all enigmatic…………
:)))))))))
Hoops_Neil_Lennon_diditagain on 29 July, 2012 at 15:56 said:
HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHAAAA………HA …..BRILLIANT …… spilt my glass of water……
Huns fans must be getting a wee bit nervous at those suspicious-looking BBC Alba idents…
Bit “fenian” looking.
Michael Grant at half time talking about reporting on the Huns “you just try and get through…the real sympathy lies with Rangers supporters”
I despair.
Brechin boys — “You’re not r*ngers anymore..”
GIRUY
It’s funny because it’s funny.
And it really really is.
Savour these moments. Self fulfilling prophecy. Ian Black and Lee McCulloch – establishment players for the establishment team – enjoy the ‘quaint’ stadia you’ll grace…
U
Can someone tell me how a Division 2 club for example has to tighten its belt with no Rangers in the SPL?
So we’ve had ahuun and ahoora. Wonder what Gaelic word would be appropriate for Fat Shally?
Tallybhoy on 29 July, 2012 at 15:57 said:
Stope it, i’m trying to drink this water….LOL
Bould
If Brechin are singing that hats aff to them.
Who scored for Brechin?